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WACKER Lowers Guidance for 2019

17-Oct-2019

Based on its latest estimates, Wacker Chemie AG expects several key financial performance indicators for 2019 to be lower than previously projected. Full-year Group sales are likely to be on par with last year (previous guidance: mid-single-digit percentage increase). EBITDA is anticipated to be ...

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Merck on Track to Deliver Sustainable Profitable Growth

12-Sep-2019

Merck expects to achieve sustainable profitable growth in all three business sectors in the coming years. At its Capital Markets Day, the company informed analysts and investors about the progress it has made in implementing its strategy. “In recent years, we have rigorously positioned our ...

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Merck Sees Profit Jump in Q2

Net sales growth thanks to organic performance

09-Aug-2019

Merck generated strong net sales growth in the second quarter of 2019, primarily on an organic basis. EBITDA pre grew very strongly and was also driven by organic performance. Merck confirmed its full-year forecast for 2019. “We achieved sales growth in all business sectors and regions. The jump ...

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Brenntag reports increased operating EBITDA

08-Aug-2019

Brenntag lifted its key performance indicators operating gross profit and operating EBITDA at Group level in the second quarter of 2019. The growth in operating EBITDA is mainly attributable to the initial application of IFRS 16, the new financial reporting standard on leases. The further ...

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ALTANA below the strong level of the previous year in a challenging environment

Sales decline by 4 percent to 1,154 million euros

07-Aug-2019

The specialty chemicals group ALTANA did not reach the strong level of the previous year in the first half of 2019. Due to continued sluggish demand in key industrial sectors, in particular the automotive industry, and the general economic slowdown, particularly in China, sales decreased by 4 ...

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Life sciences start-up ChemSquare receives 1.7 million euros

CMS advises Frankfurt start-up on financing round

06-Aug-2019

VC investor Cherry Ventures has acquired shares in Frankfurt-based pharmaceutical/life sciences service provider ChemSquare GmbH as the lead investor. In addition to Cherry Ventures, Auxxo Beteiligungen, business angels and APX also acquired an equity interest as part of the EUR 1.7 million ...

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LANXESS remains on track after a stable second quarter

Net income increased to EUR 100 million

05-Aug-2019

Specialty chemicals company LANXESS is on track despite the weaker economy and geopolitical uncertainties and can look back on a stable second quarter. EBITDA pre exceptionals declined only slightly by 1.4 percent to EUR 286 million, nearly reaching the figure of the strong prior-year quarter of ...

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Brenntag adjusts its outlook for the full year 2019

18-Jul-2019

Brenntag AG adjusts its outlook for the full year 2019 due to current economic developments. Based on preliminary figures, the Group's operating gross profit in the second quarter of 2019 amounted to about EUR 723 million (previous year: EUR 677.0 million). Operating EBITDA amounted to about EUR ...

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BASF Group: Outlook for full year 2019 lowered

EBIT before special items in Q2 2019 considerably below expectations

09-Jul-2019

Significantly weaker-than-expected industrial production negatively impacted volumes and margin development at BASF. At around 1.5% according to current estimates, growth in industrial production in the first half of 2019 was much slower than expected. The downturn in growth in the global ...

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Disruptive 2D mass spectrometry spin-out secures seed investment

18-Jun-2019

Verdel Instruments Ltd - a spin-out company of the University of Warwick UK – has developed new disruptive two-dimensional mass spectrometry (2DMS) technology and raised seed investment of over £230,000 from Longwall Ventures and Innovate UK. Designed by world-leading researchers, this is the ...

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